Porsche 911 Lease Questions

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Hi - dealer told me about a porsche incentive where they offer a cap cost reduction for 3 months x your current lease in addition to any discounts you may get. Also, he mentioned 27 month lease is best plan now. What are the mf and residuals for this versus a 24 month lease, 10k/miles a year?

Hi Ian. The program that you were told about is the Welcome to Porsche conquest offer. Your interpretation of it is correct.

Porsche Financial Services' March buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2S Coupe with 10,000 miles per year are .00200 and 74% for consumers who qualify for its top credit tier.

Thanks Car_Man-For 24 month lease, 10k miles/yr, my dealer is giving me a Residual of 71%.Is that correct? it seems it should be higher.Also can you confirm that for April MF is still 0.00200 and do they still have the 3 month lease buyout of current nonPorsche leases for new customers?I know it was going on in March but I don't see it listed in Edmunds incentives anymore.

Your hunch was right mdkrp. Porsche Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2013 911 S C2 Cabrio with 10,000 miles per year are .00200 and 75% for consumers who qualify for its top credit tier.

As far as early termination goes, Porsche is waiving up to a whopping twelve remaining payments for current Porsche lessees and up to three remaining payments for current non-Porsche customers.

I am confused I guess on how taxes are applied to the lease deal. I have a deal in hand for a Carerra 2 with PDK and a handful of options. MSRP $98,900Negotiated Sale Price $93,900Lease is for 24 months with 12k miles annually. $1,800 out of pocket and $1,300/mthThe breakdown sheet that the dealership supplied indicates sales taxes of $5,667 (I live in FL at 7% tax rate). Seems like the taxes are being applied to the entire price of the car and not the part that I am using (2 years worth).

I also live in Fl....our rate is 6.5%, but that doesn't matter. The tax is charged on your down payment as well being added to each month's payment. Unlike some other states, you only pay taxes on what you actually pay on your lease. Multiple security deposits (actually any security deposits) are not taxable since they will come back to you.

Based on your 7% tax rate, your total tax payments over the life of the lease should be about $2310.

They said the residual would be 74%, but I don't think these numbers add up to any sort of savings really. I called another dealership and may have found the deal I was after. Actually 2 dealerships had MUCH better deals for C2's that were identical in MSRP.

Without even checking the numbers...I don't even talk to dealers that try to add appearance packages, door guards, theft protection (high profit) items to the deal. I have no idea how they are figuring the tax...but the deal offered is just wrong to start with. My guess is that you'll be much happier at a different dealer.

I would look for a deal with no money down (only first month payment and legally required costs at delivery) of about $1265/mo plus taxes. If you want to put money down up front (which you should not do), then just divide it by 24 and subtract that from the monthly payment which will get you close to the payment you should expect from the dealer...in this case roughly $1040 including your 7% tax. You would have to pay the tax on the down payment as well....so that would be another $472 or so.

Finally, the dealer can order 2014's now and the deal for a 2014 should be almost the same....just FYI. Of course you have to wait for the car, but you can get the features you want vs the one's the dealer ordered for their stock car.

Hi bmchris. Porsche introduced a new lease program in Mid-April that is scheduled to remain in effect through the end of June.

porsche Financial Services' current buy rate lease money factor and residual value for a 24-month lease of a 2013 911 C2 Coupe with 15,000 miles per year are .00200 and 75% for consumers who qualify for its top credit tier.

The numbers for an otherwise identical 36-month lease are .00200 and 62%.

The residual value for a lease with 12,000 miles per year would be 2% higher, 10,000 per year would be 3% higher, 7,500 per year would be 4% higher...I don't know this for certain but using this pattern one would think that 5,000 miles per year would be 5% higher.

not sure but if your dealer is telling you the MF is .0027, my bet is that he's marking it up quite a bit or you don't have good credit. Most Porsche's (if not all) have a mf of .0020 for top credit leases. I will know better later today....I'm heading to a dealer today myself.

You're welcome fq1. The money factor for the C2S Coupe is the same, but the residual value for a 24-month lease of it would be 4% lower than the residual for a C2 Coupe. The residual value for a C4S Coupe would be 5% lower.

You're welcome unireverse. Porsche Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 911 C2 Cab with 15,000 miles per year are .00200 and 59% for consumers who qualify for its top credit tier.

The numbers for an otherwise identical lease of a 2013 911 C2S Cabriolet are .00200 and 53% (wow the resid really drops for the S).

The residual values for a lease with 12,000 miles per year would be 2% higher. The 10,000 mile per year residual values would be 3% higher.

Thanks again for all your help on this forum. Can you confirm the residual for a 24 mo. C2 coupe with 7,500 mi would be 81% (80% for PDK)? Also can you explain the conquest cash ($5k) or link me somewhere that show it (Edmunds does not have it anywhere)? Would be really interested in picking one up if these numbers are correct! Thanks in advance.